Description
This book is about how companies that have acquired other enterprises through mergers and acquisitions (MA) have in essence become entities that are akin to the global empires of history. The author argues from looking at examples of empires in Western and Asian history that long enduring empires created from MA and global empires have a common cultural trait: their practice of tolerance within their organizations/societies.
Companies that have acquired other enterprises through mergers and acquisitions (MA) have in essence become entities that are akin to the global empires of history. In this book, the author weaves a unique narrative that looks at both empires of business created from MA and global empires from world history in an attempt to answer the question: why do certain empires endure for long periods while others collapse in a short space of time. Empires formed from MA or conquest have a hierarchical relationship of control and domination by a single authority or centre that can be described as a parent company or a mother country over another group of people based in a periphery that can be described as a subsidiary company or colony. Given their similarities in development and structure, the author argues from looking at examples of empires in Western and Asian history as well as major MA cases that long enduring empires created from MA and global empires have a common cultural trait; their practice of tolerance within their organizations/societies. While there are books on the topics of MA and empires, at present there is no single text that examines the impact of culture on both. This book is intended to fill such a void and provide hints and suggestions to those practitioners of MA as well as students of business and history who want an accessible, non-technical narrative on what makes empires, whether they are of the nation or of MA endure and prosper.